Provisions of Section 44AB, which mandate Tax audit, are not applicable to fictional income provisions like Section section 68, 69, 69A, 69B, 69C& 69D
Should interest apply on wrong ITC claims under GST if overall credit is sufficient? A look at legal interpretations and implications across tax heads.
Karnataka HC rules solatium for metro land acquisition as compensation under CGST Act, not subject to GST. Details on court’s reasoning and legal provisions.
SC rules Sub-Registrars cannot verify vendor’s title during registration; Rule 55A(i) of Tamil Nadu Registration Rules declared inconsistent with Registration Act.
Analysis of US tariffs on India’s textile industry: reduced exports, pricing pressure, competitive disadvantage, and potential strategic responses.
Bombay HC quashes tax notices issued to deceased Amjad Ahmed Shaikh. Court emphasizes notices to dead are void, allowing fresh action. The court dismissed revenue’s explanation regarding correspondence with the chartered accountant, stating it did not justify issuing notices to a deceased person.
Bombay High Court confirms full disallowance of expenses on unproven purchases, citing failure to prove genuineness and reliance on precedent.
Stay updated on GST compliance for FY 2025-26. Learn about e-invoicing, ISD, credit note management, ITC reconciliations, HSN codes, and key procedural changes.
Summary of key tax, GST, customs, RBI, and legal updates issued by Indian authorities for the week ending April 6, 2025, including notifications and circulars.
CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024.
